Limited Liability Partnership (LLP) Registration

Limited Liability Partnership (LLP) Registration

₹ 7900 all-inclusive (Limited Period Offer)

2 DPIN, 2 DSC, Partnership Deed, Name Approval, Government Fees, PAN, TAN, Post Incorporation Support


* Prices are higher for registrations in Chhattisgarh and Kerala on account of higher government fees

Limited Liability Partnership (LLP) Registration in India

A Limited Liability Partnership is a corporate business vehicle that enables entrepreneurial initiative to operate in flexible and efficient manner by providing the benefits of limited liability and allowing its members to organize their internal structure as a partnership. LLP form of business is ideal for all classes of entrepreneurs whether it be traders, manufacturers or professionals. It is easy to incorporate and manage. LLP is more credible and preferable than a normal partnership firm.

Limited Liability Partnership has been introduced in India by way of Limited Liability Partnership Act, 2008. It exhibits elements of both partnership and corporation. In LLP, one partner is not responsible or liable for another partner's misconduct or negligence unlike a traditional partnership in which each partner has joint and several liability.

Advantages

LLP Registration Process

Limited Liability Partnership is easy to incorporate and manage. Minimum two partners are required to form a LLP and there is no limit on maximum number of partners. There is no requirement of minimum capital contribution in a LLP. It usually takes 15-20 days to incorporate an LLP, subject to ROC processing time.

1

DSC Application

1-3 working days

2

DPIN

1-3 working days

3

LLP Registration

7-9 working days

4

PAN & TAN Applications

1-3 working days

Comparing Private Limited Company, LLP and OPC

Factors of Comparison Private Limited Company One Person Company Limited Liability Partnership
Minimum Requirement Members – 2
Directors – 2
Member – 1
Director – 1
Nominee of Sole Member – 1
Designated Partners – 2
Minimum Capital No minimum requirement No minimum requirement No minimum requirement
Regulator Registrar of Companies Registrar of Companies Registrar of Companies
Compliance Requirements Annual Return Filing
Board Meetings & General Meetings
Annual Return Filing
No Board Meetings, if only one director
No General Meetings
Annual Return Filing
Taxation Taxed at 30% Taxed at 30% Taxed at 30%
Credibility High Medium Medium
Investor Preference High Low Medium
Statutory Audit Compulsory Compulsory If Contribution > Rs 25lacs or, Turnover > Rs. 40lacs
Conversion Can be converted into LLP Cannot be converted before 2 years Cannot be directly converted into a Private Limited Company
Time Taken for Registration 15 – 20 Days 10 – 15 Days 15 – 20 Days
Procedure Obtain DSC (Digital Signature Certificate)
INC-32 Incorporation Filing
PAN, TAN Applications
Obtain DSC (Digital Signature Certificate)
INC-32 Incorporation Filing
PAN, TAN Applications
Obtain DSC (Digital Signature Certificate)
Obtain DPIN (Designated Partner Identification Number)
Name Approval
Filing for Incorporation
File LLP Agreement
PAN, TAN Applications

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